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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
11 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net increase (decrease) in net assets resulting from operations $ 229 [1],[2] $ 62,483 $ 13,330
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Purchases of investments (6,696) [3] (874,692) (261,461)
Paid-in-kind interest 0 [3] (2,093) (25)
Proceeds from sales and repayments of investments 1 [3] 85,572 8,298
Net realized (gain) loss on investments 0 [3] (73) (12)
Net change in unrealized (appreciation) depreciation on investments (5) [3] (7,741) (3,465)
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts 0 [3] (200) 0
Accretion of discount (2) [3] (1,116) (563)
Amortization of deferred financing costs 0 [3] 1,015 256
Unrealized (gain)/loss on borrowings in foreign currency 0 [3] (802) 166
(Increase) decrease in receivable for investments sold and repaid 0 [3] (6) (210)
(Increase) decrease in income receivable (62) [3] (7,197) (3,142)
(Increase) decrease in expense support receivable (289) [3] 436 (147)
(Increase) decrease in prepaid expenses and other assets (53) [3] (70) (131)
Increase (decrease) in payable for investments purchased 0 [3] 15,346 8,400
Increase (decrease) in accrued capital gains incentive fee 0 [3] 1,077 390
Increase (decrease) in administrative services expense payable 0 [3] 191 174
Increase (decrease) in accrued accounting and administrative fees 3 [3] 40 40
Increase (decrease) in interest payable 0 [3] 2,705 445
Increase (decrease) in other accrued expenses and liabilities 339 [3] 553 275
Net cash provided by (used in) operating activities (6,535) [3] (724,469) (237,382)
Cash flows from financing activities      
Issuance of capital 7,000 [3] 573,230 231,500
Issuance of preferred shares 0 [3] 0 515
Redemption of preferred shares 0 [3] (567) 0
Distributions to common shareholders 0 [3] (42,469) (6,089)
Distributions to preferred shareholders 0 [3] (56) (46)
Borrowings under financing arrangements 0 [3] 591,808 119,031
Repayments under financing arrangements 0 [3] (455,882) (24,966)
Deferred financing costs paid 0 [3] (893) (4,037)
Net cash provided by (used in) financing activities 7,000 [3] 665,171 315,908
Total increase (decrease) in cash 465 [3] (59,298) 78,526
Cash and foreign currency at beginning of period 0 [3] 78,991 465 [3]
Cash and foreign currency at end of year 465 [3] 19,693 78,991
Supplemental disclosure      
Reinvested shareholder distributions 0 [3] 4,364 0
Federal and income taxes paid during the period 0 [3] 7 0
Interest paid during the period 0 [3] 10,073 414
Organizational Costs Payable | Related Party      
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Increase (decrease) in organizational and offering costs payable $ 0 [3] $ 103 $ 0
[1] Represents the period from February 4, 2022 (date of formation) through December 31, 2022.
[2] Represents the period from February 4, 2022 (date of formation) through December 31, 2022
[3] Represents the period from February 4, 2022 (date of formation) through December 31, 2022.